Equilibrium asset prices and savings of heterogeneous agents in the presence of incomplete markets and portfolio constraints

Macroeconomic Dynamics

Volumn 3, Issue 2, 1999, Pages 243-277

  Marcet, Albert ^a   Singleton, Kenneth J ^b  

^a DEPARTMENT OF ECONOMICS AND BUSINESS   (Spain)

^b NONE

Author keywords

Consumption volatility; Credit constraints; Equity premium puzzle; Incomplete markets; Simulation

Indexed keywords

EID: 0033459338     PISSN: 13651005     EISSN: None     Source Type: Journal    
DOI: 10.1017/S1365100599011062     Document Type: Article

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